Is It Worth Owning a Vending Machine UK?
The vending machine business is thriving in many parts of the world. Consumers continue to demand quality and convenience, and vending machines certainly bring both to the table. Because of this, many companies and individuals are taking an interest in having their own machines. But a question that commonly arises is this – is it really worth owning a vending machine UK?
Owning versus Renting a Vending Machine UK
Generally, there are two options that aspiring vendors need to consider. This is whether they will rent a vending machine or buy one for themselves. Both options have pros and cons, and there is no absolute correct answer. It depends on your own situation and preferences. Now, let’s take a quick look at the differences between owning and renting a vending machine UK.
First of all, there is the matter of the cost. A good quality snack vending machine with standard features might cost £2000 or more to buy outright. A beverage machine that comes with refrigeration and other capacities can cost twice that at the very least. Renting, on the other hand, comes with a much smaller initial expense. However, you will have to continue shelling out a couple of hundred bucks per month for as long as you are operating the business.
As for maintenance, some rental vending machine UK companies will take care of repairs, so this will be one less problem. Whereas if you own your machine, everything will be your responsibility. From fixing a broken machine to restocking items, and so on, it will all be up to you.
Profitability of Owning a Vending Machine UK
Whether you choose to rent or buy, having a vending machine UK can certainly yield substantial profits. This is especially true if you select a marketable location with a lot of foot traffic, and if you offer saleable products with high demand.
On average, a vending machine in the UK can earn £400 per month. Even if you deduct your cost of operation, you will still have a substantial amount. Apart from the cost of the machine, you would only have to factor in the cost of electricity, which is very low. You might also have to pay rent for the space if you are operating outside your own property. This should not cost much either. You won’t even have to pay for staff if you do all the maintenance and restocking yourself.
You can raise your profits even more by choosing a good location for your vending machine. Schools, office buildings, and other places frequented by people like airports or malls are all excellent choices. It also pays to do a bit of research to find out which items have the highest demand in your selected location.
Choose the Right Vending Company
Owning a vending machine in the UK can definitely be a worthwhile investment, as long as you play your cards right. An excellent way to ensure the success of your venture is to partner with the right vending company. You need a provider that has experience and that can supply you with top quality machines, just like Vending-Machines.ie. Check out their range of vending solutions and get started on your new vending business on the right foot!
